Intel Co. (NASDAQ:INTC) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,180,529 shares of the chip maker’s stock after selling 131,979 shares during the period. Clearbridge Investments LLC owned 0.17% of Intel worth $143,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in INTC. Vanguard Group Inc. raised its stake in Intel by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after acquiring an additional 6,143,164 shares in the last quarter. State Street Corp raised its stake in Intel by 2.8% during the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock valued at $4,644,112,000 after acquiring an additional 5,417,753 shares during the last quarter. Geode Capital Management LLC lifted its position in Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after acquiring an additional 4,103,553 shares during the period. Norges Bank purchased a new position in shares of Intel in the 4th quarter valued at approximately $1,246,569,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Intel by 7.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker’s stock valued at $680,472,000 after purchasing an additional 2,248,342 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Down 3.9 %

Shares of Intel stock opened at $22.71 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41. The stock has a 50-day moving average price of $22.33 and a 200 day moving average price of $22.16. The company has a market cap of $98.33 billion, a P/E ratio of -5.18 and a beta of 1.02.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. UBS Group dropped their target price on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Wells Fargo & Company cut their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, Citigroup dropped their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus target price of $27.04.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.